CANADA HALTS US TRADE TALKS, MATCHES TARIFFS

The Canadian government confirmed the suspension through a statement from Prime Minister Carney's office on August 21, 2026. The decision follows escalating tariff measures from the US, prompting Ottawa to adopt a reciprocal approach. Under the new policy, Canada will impose equivalent tariffs on American goods for every dollar of duties levied on Canadian exports. The government stated the measure aims to protect domestic industries and workers affected by US trade actions. The suspension of negotiations signals a breakdown in bilateral discussions that had been ongoing between the two countries. Canadian officials indicated they remain open to resuming talks if the US reverses course on its tariff policies. The move affects major sectors including automotive, agriculture, and technology. Business groups in both nations have expressed concern over the escalating trade tension and its potential economic impact.